|Bid||0.00 x 68300|
|Ask||0.00 x 67000|
|Day's Range||18.20 - 18.20|
|52 Week Range||15.00 - 24.33|
|Beta (5Y Monthly)||1.75|
|PE Ratio (TTM)||37.92|
|Earnings Date||Aug 02, 2023 - Aug 07, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 26, 2020|
|1y Target Est||40.00|
In a historic and shocking move, the PGA Tour announced a merger with the Saudi-backed LIV Golf on Tuesday. Yahoo Finance spoke to experts, analysts, and reporters to discuss the impact of the deal on the sports industry, the economy, and the markets. Yahoo Finance markets reporter Josh Schafer discussed the details of the merger and its impact on the markets. Schafer said, "The Saudi public investment fund will be bankrolling a large portion of that new league to create this big, giant gold conglomerate. You can see golf stocks today have actually popped on this." Wedbush Managing Director and Senior Equity Analyst Dan Ives provided his instant reaction. Ives said, "I'd call this, as a huge golf fan, an absolute shocker." Yahoo Finance anchor Akiko Fujita examined some of the reasons why the deal may have happened. Fujita said, "On the PGA side, it was about the Saudis ... we would never go near that. At the end of the day, it's business." David Mazza, Roundhill Investments Chief Strategy Officer, discussed the business implications of the deal. Mazza said, "There are a smaller and smaller handful of companies that are gobbling up everything." Lisa Ellis, Senior Equity Analyst at MoffettNathanson, provided her reaction upon hearing the news. Ellis said, "I don't fully understand either the process by which this happened or the premise of it, especially given that the tours were already under a bit of regulatory scrutiny." Yahoo Sports Reporter Jay Busbee analyzed the new business partnership between the PGA Tour and LIV Golf. Busbee said, "From a business perspective, this was kind of always how the story was going to end as long as Saudi Arabia stayed interested." Mark Patricof, Founder and CEO of Patricof Co, talked about the implications of the merger on golf and the sports industry. Patricof said, "This was all about money. I don't ever think it was (about) anything else." Hussein Ibish, Senior Resident Scholar at the Arab Gulf States Institute, examined the reasoning behind the deal for Saudi Arabia. Hussein said, "This PGA merger, it's designed not only to diversify Saudi Arabia's economic holdings, but also to help its image internationally." Video highlights: 00:00:03 - Yahoo Finance markets reporter Josh Schafer 00:00:25 - Wedbush Managing Director and Senior Equity Analyst Dan Ives 00:00:33 - Yahoo Finance anchor Akiko Fujita 00:00:50 - Roundhill Investments Chief Strategy Officer David Mazza 00:00:59 - MoffettNathanson Senior Equity Analyst Lisa Ellis 00:01:18 - Yahoo Sports Reporter Jay Busbee 00:01:33 - Founder and CEO of Patricof Co Mark Patricof 00:01:49 - Arab Gulf States Institute Senior Resident Scholar Hussein Ibish
While Topgolf Callaway Brands Corp. ( NYSE:MODG ) shareholders are probably generally happy, the stock hasn't had...
The recent merger between the PGA Tour and LIV golf may be just the latest example of corporate consolidation. David Mazza, Roundhill Investments Chief Strategy Officer discusses how this partnerships is indicative of similar trends throughout the larger economy.
Golf may be competitive, but the merging of the PGA and the Saudi-backed LIV Golf league expose a naked truth about the game's business side.
The Securities Exchange Commission sues Coinbase over alleged security laws violations, the PGA Tour partners with Saudi-backed LIV Golf, and former New Jersey Governor Chris Christie files paperwork for a 2024 presidential run: The Yahoo Finance Live team breaks down Tuesday's top stories.
Many in the sports world were surprised when the PGA Tour and Saudi-backed LIV Golf agreed to merge. The Yahoo Finance Live team breaks down some of the reasons why the deal may have happened.
(Bloomberg) -- Topgolf Callaway Brands Corp. and Acushnet Holdings Corp. climbed after the shock announcement that the PGA Tour will merge with Saudi-backed rival LIV Golf, with Jefferies projecting the deal will drive more interest in golf.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War C
After a year of lawsuits and arguing over players, the PGA Tour is partnering with the Saudi-backed LIV Golf league.
Bowlero Corp. (NYSE: BOWL) announces acquisition of #4 operator Lucky Strike Extends lead as #1 bowling center with 343 centers in 35 states after deal #2 operator is a fraction […]
Investors can't seem to land on the green these days when it comes to Topgolf Callaway Brands (NYSE: MODG). The market isn't impressed by the company behind the Topgolf chain of high-tech driving ranges and several golf gear brands -- including its signature Callaway clubs, as well as the TravisMathew, Jack Wolfskin, and Ogio acquisitions -- which gave the company some skin in the apparel, footwear, and golfing-bag games. In an SEC filing on Monday, Topgolf Callaway Brands announced that it was busy buying back a chunk of its shares outstanding last week.
You might know Topgolf Callaway Brands (NYSE: MODG) as a leader in golf equipment sales. As the company opens up more Topgolf locations and grows Topgolf revenue, its consolidated business becomes less reliant on the cyclical golf equipment industry. Topgolf Callaway now has three operating segments: golf equipment, Topgolf, and apparel.
Potential Topgolf Callaway Brands Corp. ( NYSE:MODG ) shareholders may wish to note that the Executive VP, Brian Lynch...
Investors weren't impressed by Topgolf Callaway's (NYSE: MODG) first-quarter results, partly because corporate customers are cutting back on spending. But management continues to grow the company impressively and long-term the growth of the company is intact.
According to data provided by S&P Global Market Intelligence, shares of Topgolf Callaway fell as much as 24% this week and closed the week down 22.8%. Management said that investments in operating expenses led to the drop in earnings, partly due to the cost of building 11 new Topgolf facilities this year. The comments around lower guidance were largely understandable, as companies spend less on corporate events at locations like Topgolf.
(Bloomberg) -- Topgolf Callaway Brands Corp. tumbled by the most since October 2020 on Wednesday after the company cut its profit forecast for the year, signaling that interest in golf is cooling following a pandemic-fueled surge.Most Read from BloombergTucker Carlson’s Twitter Move Wipes $235 Million From RumbleSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Mar
Shares of the golf entertainment company took a hit after it cut its guidance in its first-quarter earnings report.
Q1 2023 Topgolf Callaway Brands Corp Earnings Call
Joining me as speakers on today's call are Chip Brewer, our president and chief executive officer; and Brian Lynch, our chief financial officer and chief legal officer. Earlier today, the company issued a press release announcing its first quarter 2023 financial results.
Topgolf Callaway (MODG) delivered earnings and revenue surprises of 13.33% and 2.24%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Sportradar Group AG (SRAD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Topgolf Callaway (MODG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Yahoo Finance Live checks out shares of the sports brand after its sponsored athlete Jon Rahm won the Masters Tournament this past weekend.
Topgolf Callaway Brands could benefit from much more than sponsoring the Masters winner, according to one analyst's analysis.
So far this year markets have endured a slew of hurdles-from inflation worries, to rising rates, and now recent turmoil in the banking sector. Despite the wild ride, there are still names that may be worth a look according to Jonathan Boyar, President of Boyar Research. Boyar noted excitement over Topgolf Callaway Brands (MODG) as a viable stock pick. He noted the company buying 86% of Topgolf it didn't already own, makes the stock “a growth story at a value price…about 50% of their EBITA in 2023 will be Topgolf, and there's lots of room for expansion." Overall, Boyar said his picks are “outside the mainstream because I think that's the way investors will be able to make money over the next 3-5 years" For more of Jonathan Boyar’s stock picks watch the full interview here with Yahoo Finance’s Rachelle Akuffo. Key video moments:00:00:08 Picking stocks outside the mainstream 00:00:15 Topgolf Callaway Brands stock pick
Growth stocks may be down, but that doesn't mean that the companies behind them aren't as strong as ever.